Which of the Following Is True of International Trade

question 15

Multiple Choice

Which of the following is true of international trade?

• A)Free international trade benefits foreign producers at the cost of domestic industry.
• B)The net gain to a country from free international trade is positive.
• C)The proportion of international trade in the world is on the decline.
• D)Free trade is a zero-sum game;one nation gains at another's expense.

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Definitions:

Actual Product

The tangible physical item or service that is being offered to consumers, including its features, design, brand name, and quality.

Shopping Product

A category of consumer goods that require considerable thought and effort in selection because they possess attributes such as quality, price, and style that are significant to the buyer.

Backpacking Trip

A form of low-cost, independent travel that involves carrying all necessary gear and belongings in a backpack for hiking, camping, or traveling.

Alternatives

Other options available to consumers in the marketplace that compete with a specific product or service.